About Blockchain

THE WORLDS OF BLOCKCHAIN TECHNOLOGY

Just as our world has seven continents, 7,000+ languages and 7 Billion+ humans, blockchain technology has endless amounts of possible applications to empower and revolutionize the way we communicate, but most importantly the way we trust. This technology is being embraced around the world as it now allows us to openly, securely, freely, and instantly interact with everything and everyone. Come explore the world of Blockchain & AI Integrated Technology within 7 Key Industry Verticals.

ARTIFICIAL INTELLIGENCE

Artificial Intelligence is dependent on data, and with the integration of blockchain, the AI industry can have access to high-quality information that improves machine-learning operations. Incorporating blockchain within the AI industry can also level the playing field and reduce market-place barriers, allowing for smaller businesses to utilize data they might not otherwise have access to under the current centralized systems.

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BLOCKCHAIN ADVANTAGES

Creates a clear audit trail and explains decisions made by AI to improe machine learning skills.

Reduces competitive advantage of tech giants be equal access to data.

Increases machine-to-machine interaction over the IoT.

Allows AI to process complex training data instantly as well as import large data sets.

POSSIBLE CHALLENGES

Lack of public B2B knowledge of development process timeline and integration.

Lack of plug-and-play useable options for business and personal use.

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SPORTS, MEDIA & ENTERTAINMENT

Incorporating blockchain technology in the entertainment industry can create a digitalize marketplace that is decentralized, minimizing the current deficiencies found in digital advertising and royalty payments mechanisms within the entertainment sector. Currently, 40-70% of ad dollars go to intermediaries, combine that with the complexities of regulations and licensing and intellectual property rights, there are significant constraints on how entertainers and brands directly interact with their audience.

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BLOCKCHAIN ADVANTAGES

Minimizes piracy

Automates royalty payments

Allows effective trade of advertising contracts

Enforces higher privacy-compliant regulations

Enables security for online payments and contract enforcement

POSSIBLE CHALLENGES

Speed to market challenges

Lack of qualified knowledgable experts for hire

No current large data host platform

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TRANSACTIONS / CURRENCY & FINTECH

One of the largest sectors where blockchain, AI and cryptocurrencies have established themselves is in FINTECH. The need for greater openness and storage of historical data became evident following the financial crisis of 2007. While the industry has made great strides since, blockchain provides full transparency thanks to its open public ledger.
Because every node has simultaneous access to the ledger, every single transaction or entry is visible to every participant, increasing trust and allowing new types of analytics to be reviewed by AI to discover patterns, issues and opportunities never before seen in human history. This will truly transform the way the world conducts business from a single purchase to public overwatch of large governmental spending. Freedom of Information is finally a reality.

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BLOCKCHAIN ADVANTAGES

Worldwide access to your cash & crypto

Transcation transparency

Instant transactions to and with anyone, anywhere in the world

Simplicity of large financial purchases due to open ledger data available to all 3rd parties

Instant lending approval based on accurate real time personal and business data access along with smart contracts

POSSIBLE CHALLENGES

Federal regulation interference in the United States slowing progress

Ease of product use issues by consumers in a daily life scenario

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HEALTHCARE

Blockchain is the future business model for the Healthcare Industry, with 35% of the industry planning to incorporate the back-end technology by the end of this year. Disparate data systems within the industry have led to fragmented patient records. With the application of blockchain, patients will have more control over their personal data and how the data is utilized. Blockchain will also allow for higher data integrity and traceability as new drugs and treatments come to the market.

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BLOCKCHAIN ADVANTAGES

Higher probability for accurate diagnosis

Patients can own and control their own health records

Better record sharing across different domains and systems

Creates a marketplace for patients to profit from selling records

Complete transparency of medical and pharmaceutical products from supply all the way through retail and how patients interact

POSSIBLE CHALLENGES

Industry wide adoption and time to integrate

Dissolve of existing middlemen infrastructure

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INTERNET OF THINGS & FOODS / IOT & IOF

Blockchain is a promising new technology solution designed to increase food traceability and transparency in the Food & Agriculture sectors. Blockchain will allow for quick access to supply chain verification and consumer education. Data regarding specific products can be traced at any given moment, which will give consumers and retailers higher confidence how their food is sourced as our framework of the Internet Of Things & Internet Of Food grows.

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BLOCKCHAIN ADVANTAGES

Industry-wide accountabbility

Supply chain transparency

Compliance verification

Food traaceability

Data security and assurance

Data source anonyminity

Deinstitutionalization

Consumer accessibility

POSSIBLE CHALLENGES

Data input quality assurance

Limited transactions per second

Need for one common platform

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NON PROFIT & NGO’s

The use of blockchain in the nonprofit sector can create higher visibility on how money is transferred across different entities, creating clear records and traceability of donations. Additionally, NGOs are hit with high transaction fees when redistributing funds from field offices. The use of blockchain eliminates these fees, allowing for a larger portion of the donations to be used as they were intended to.

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BLOCKCHAIN ADVANTAGES

Minimized transaction fees

Disrupts banks and money transfer entities interfering with flat distribution to those in need in a timely manner